|
|
|
|
|
| |
Europe Ends Lower On Rates Concerns |
|
| |
12:37 PM EDT August 31 2006 |
|
|
| |
European markets closed under the flat line. In a light trading session market sentiment was hurt by speculations that the European Central Bank will raise interest rates in a month after it kept them on hold at 3%, as expected, on Thursday. Several mixed earnings reports also contributed to the weakness. Mining and tech stocks like Anglo American and STMicroelectronics led decliners. The food and drinks sector was also under pressure after No. 1 distiller Diageo fell 2.5%. The U.K’s FTSE 100 dropped 0.4%, followed by the French CAC 40, down 0.3%, and the German DAX 30, down 0.1%. |
|
|
| |
|
|
|
